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A cost of living index is a relative measure that compares the cost of living between different cities or regions. It typically uses a base city with an index of 100, and other locations are assigned a value higher or lower than 100 to indicate if they are more or less expensive to live in for a standard "basket" of goods and services like housing, food, and transportation ,This method involves calculating the total cost of goods in the current year and dividing it by the total cost in a base year, with the result expressed as a percentage relative to a base value of 100. Determine the target group and geographical area for the index.

Conduct a family budget or expenditure survey to collect data on the typical consumption patterns, quantities, and prices of goods and services in a base year, such as food, clothing, and housing.

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